石家庄尚太科技股份有限公司 2025 年第三季度报告 证券代码：001301 证券简称：尚太科技 公告编号：2025-114 □是 否 1 石家庄尚太科技股份有限公司 2025 年第三季度报告 石家庄尚太科技股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度财务会计报告是否经过审计 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 2,117,783,433.00 | 3 ...

Financial Performance - The company reported a revenue of CNY 1,110,329,130.99 for the third quarter, representing a year-on-year increase of 15.85%[4] - Net profit attributable to shareholders reached CNY 215,627,945.56, up 30.19% compared to the same period last year[4] - The company achieved a net profit of CNY 220,453,086.20 after deducting non-recurring gains and losses, marking a 34.75% increase year-on-year[4] - The net profit for the current period is 591,394,788.52, an increase from 512,089,093.42 in the previous period, representing a growth of approximately 15.5%[35] - The total comprehensive income for the current period is 589,671,722.36, compared to 506,018,047.23 in the previous period, indicating an increase of about 16.5%[36] - The basic and diluted earnings per share for the current period are both 0.52, up from 0.46 in the previous period, reflecting an increase of approximately 13%[36] Assets and Liabilities - The total assets at the end of the reporting period were CNY 10,984,006,962.13, reflecting a 4.95% increase from the end of the previous year[5] - Total assets increased to ¥10,984,006,962.13 from ¥10,465,603,624.18, reflecting a growth of 4.9%[33] - Total liabilities rose to ¥2,052,449,744.57, compared to ¥1,713,287,268.66, an increase of 19.7%[32] - The company's equity attributable to shareholders increased to ¥8,772,546,427.67 from ¥8,712,145,683.76, a rise of 0.7%[33] Cash Flow and Investments - Cash received from operating activities decreased by CNY 49.84 million, a decline of 44.21%, mainly due to reduced government subsidies[18] - Cash recovered from investments increased by CNY 1,833.75 million, an increase of 156.80%, primarily due to the growth in short-term investment scale[18] - Cash received from investment income rose by CNY 45.29 million, a growth of 191.61%, mainly from interest on financial products and gains from the disposal of other non-current financial assets[18] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by CNY 270.65 million, a rise of 60.90%, due to increased investment in construction projects and capitalized R&D expenditures[18] - Cash paid for investments increased by CNY 741.49 million, a growth of 37.88%, mainly due to increased investments in financial products[18] - Cash flow from operating activities for the current period is 776,454,330.96, down from 853,910,406.63 in the previous period, showing a decrease of about 9%[37] - Cash flow from investing activities resulted in a net outflow of -384,792,997.18, an improvement from -1,208,258,476.56 in the previous period[38] - Cash flow from financing activities resulted in a net outflow of -497,904,012.80, compared to a net inflow of 65,252,912.68 in the previous period[38] Market and Product Development - The company is focusing on the CKM (Cardio-Kidney-Metabolic) chronic disease sector, with over 50 projects under development, including 51 chemical new drugs and 23 biological new drugs[9] - The company is actively preparing for negotiations related to new product listings, including Xinchaotuo and Fuli'an, which have passed national medical insurance negotiations[9] - The company has increased its market penetration by establishing a dedicated team for Xinchaotuo and enhancing its e-commerce and retail channels[9] - The company plans to expand its market presence and invest in new technologies to drive future growth[34] Accounts Receivable and Financial Expenses - The company reported a significant increase in accounts receivable, which rose by CNY 167,978,400, a 32.51% increase, primarily due to an increase in receivables within the credit period[10] - Accounts receivable rose to ¥684,729,992.28, up from ¥516,751,549.66, representing a significant increase of 32.4%[31] - The company’s financial expenses increased by CNY 11,891,300, a 51.92% rise, mainly due to reduced interest income and increased exchange losses[15] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to ¥992,218,209.42 from ¥1,125,410,722.13, a decline of 11.9%[31] - The cash and cash equivalents at the end of the period amount to 989,759,533.22, down from 1,024,296,299.98 at the end of the previous period[38] Foreign Exchange and Goodwill - The goodwill increased by CNY 20,857,430, a 1,911.34% increase, primarily due to the acquisition of Butler Company[13] - The company reported a foreign exchange loss of -8,652,996.48, compared to -4,769,116.37 in the previous period, indicating a worsening of foreign exchange impacts[38]

Financial Performance - Q3 2025 revenue was CNY 2,402,410,232.59, a decrease of 9.74% year-over-year, while year-to-date revenue increased by 10.22% to CNY 6,281,073,841.70[5] - The net profit attributable to shareholders for Q3 2025 was a loss of CNY 45,235,576.45, down 132.48% year-over-year, with a year-to-date profit of CNY 19,121,055.55, a decrease of 92.17%[5] - Basic and diluted earnings per share for Q3 2025 were both CNY -0.08, reflecting a 132.00% decline compared to the same period last year[5] - The company's net profit for the current period is CNY 19,552,022.18, a significant decrease from CNY 244,570,569.71 in the previous period, representing a decline of approximately 92%[25] - Operating profit has turned negative at CNY -34,481,023.92 compared to a positive CNY 240,984,043.24 in the previous period[25] Assets and Liabilities - Total assets at the end of Q3 2025 reached CNY 10,865,067,748.83, an increase of 14.56% from the end of the previous year[5] - Total current assets increased to ¥7,593,106,871.60 from ¥6,230,492,508.00, representing a rise of 21.8%[21] - Total liabilities rose to ¥6,435,183,008.41 from ¥5,203,684,245.74, marking an increase of 23.7%[22] - The company's total assets reached ¥10,865,067,748.83, up from ¥9,483,783,272.37, reflecting a growth of 14.6%[22] - The company's inventory decreased to ¥1,097,968,492.54 from ¥1,155,384,391.46, a decline of 4.9%[21] - The company reported a significant increase in short-term borrowings, which rose to ¥3,515,272,249.65 from ¥2,501,380,891.83, an increase of 40.5%[21] Cash Flow and Investments - Cash flow from operating activities for the year-to-date period was CNY 203,665,710.70, up 28.30%[5] - Cash received from the recovery of investments increased by 2,107% year-on-year, primarily due to the recovery of principal from financial products during the reporting period[14] - Cash received from investment income increased by 1,289% year-on-year, mainly due to the increase in income from financial products during the reporting period[14] - Cash paid for the construction of fixed assets, intangible assets, and other long-term assets increased by 52% year-on-year, primarily due to increased investment in the Vietnam and Jiangxi production bases[15] - Investment activities resulted in a net cash outflow of CNY -579,135,787.90, an improvement from CNY -1,368,634,626.96 in the previous period[28] Expenses and Impairments - Management reported a 71% increase in management expenses year-to-date, primarily due to rising employee costs[13] - R&D expenses increased by 45% year-to-date as the company enhanced its core competitiveness through team expansion[13] - The company recognized an impairment provision of CNY 46.36 million for long-term equity investments due to the downturn in the real estate sector[9] - Asset impairment losses increased by 322% year-on-year, primarily due to the provision for impairment on equity investments in industrial parks, with no such provision in the same period last year[14] - Other operating expenses decreased by 55% year-on-year, mainly due to a reduction in asset disposal losses during the reporting period[14] Revenue and Costs - Total operating revenue for the current period reached ¥6,281,073,841.70, an increase of 10.2% compared to ¥5,698,560,721.12 in the previous period[24] - Total operating costs amounted to ¥6,366,973,172.85, up from ¥5,483,782,116.13, reflecting a year-over-year increase of 16.1%[24]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥319,669,702.51, representing a year-on-year increase of 9.93%[5] - Net profit attributable to shareholders for the same period was ¥66,718,492.89, up 5.85% compared to the previous year[5] - The basic earnings per share for Q3 2025 was ¥0.17, reflecting a growth of 6.25% year-on-year[5] - Total operating revenue for the current period reached ¥945,849,717.60, an increase of 5.9% compared to ¥896,123,568.65 in the previous period[18] - Net profit for the current period was ¥191,991,275.31, representing an increase of 4.9% from ¥183,070,853.44 in the previous period[19] - The total comprehensive income for the period was CNY 191,991,275.31, an increase from CNY 183,070,853.44 in the previous period, reflecting a growth of approximately 5.3%[20] - Basic and diluted earnings per share both increased to CNY 0.5 from CNY 0.48, representing a growth of 4.17%[20] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥2,789,749,246.91, an increase of 14.01% from the end of the previous year[5] - Total assets increased to ¥2,789,749,246.91, compared to ¥2,446,979,706.71, marking a growth of 14%[17] - Total liabilities rose to ¥1,140,184,377.55, up from ¥969,164,086.77, indicating an increase of 17.6%[17] - Current assets totaled ¥1,325,503,155.07, a significant increase from ¥861,795,227.82, reflecting a growth of 54%[17] - Non-current assets decreased to ¥1,464,246,091.84 from ¥1,585,184,478.89, a decline of 7.6%[17] Cash Flow - The company's cash flow from operating activities for the year-to-date reached ¥178,223,724.35, showing a significant increase of 17.28%[5] - Cash inflow from operating activities totaled CNY 785,575,222.81, compared to CNY 749,467,966.24 in the previous period, marking an increase of about 4.8%[22] - The net cash flow from operating activities was CNY 178,223,724.35, up from CNY 151,968,666.90, indicating a growth of approximately 17.3%[22] - Cash outflow from investment activities was CNY 877,737,563.41, down from CNY 1,123,978,318.22, showing a decrease of about 21.9%[22] - The net cash flow from investment activities was -CNY 467,879,224.71, an improvement from -CNY 586,576,264.83, reflecting a reduction in losses of approximately 20.2%[22] - Cash inflow from financing activities was CNY 149,376,608.32, compared to CNY 117,623,672.16 in the previous period, representing an increase of about 27%[22] - The net cash flow from financing activities improved to CNY 107,211,779.82 from CNY 78,863,744.03, indicating a growth of approximately 36%[22] - The ending balance of cash and cash equivalents was CNY 174,474,918.46, compared to CNY 165,064,485.57 in the previous period, reflecting an increase of about 5.4%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,929[10] - The largest shareholder, Han Yinghuan, holds 47.01% of the shares, totaling 180,546,800 shares[10] - The company has a diverse shareholder base, with the top ten unrestricted shareholders holding a total of 90,272,000 shares, representing a significant portion of the equity[12] - The company’s major shareholder, Pacific Jaguar Holdings Limited, holds 90,272,000 shares, indicating strong control over the company’s equity structure[12] - The total number of restricted shares increased to 315,261, with 240,200 shares added during the period, reflecting ongoing equity incentive plans[13] - The company plans to unlock shares for equity incentives, with a scheduled release date of July 11, 2025, for a portion of the restricted shares[13] - The company is actively managing its shareholder relationships, with several shareholders involved in financing and securities lending activities[12] Financial Strategy and Management - The company reported a 53.20% increase in long-term borrowings, totaling ¥358,800,000.00, attributed to additional financing needs[8] - The company experienced a 68.73% decrease in fair value changes, with a reported gain of ¥730,098.04 for the year-to-date[8] - The company’s financial strategy includes maintaining a balance between cash reserves and receivables to ensure liquidity and operational efficiency[15] - The company’s accounts receivable financing increased slightly to ¥35,018,558.59 from ¥33,933,333.88, showing a modest growth trend[15] Audit and Reliability - The third quarter financial report was not audited, which may impact the reliability of the reported figures[23]

西藏发展股份有限公司 2025 年第三季度报告 2025年第三季度报告 西藏发展股份有限公司 2025 年 10 月 1 西藏发展股份有限公司 2025 年第三季度报告 证券代码：000752 证券简称：ST 西发 公告编号：2025-074 西藏发展股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 3.第三季度财务会计报告是否经过审计 □是 否 2 西藏发展股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 127,903,580.20 | 20.26% | 325,125,282.73 | 8.57% | | 归属于上市公司股东 | 118,923,557.30 | 754.46% | 144,907 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥178,612,925.28, representing a 5.16% increase year-over-year, while the year-to-date revenue was ¥459,494,827.26, up 10.34% compared to the same period last year[5] - Net profit attributable to shareholders for the third quarter was ¥37,989,159.72, a decrease of 5.59% year-over-year, with year-to-date net profit at ¥87,321,597.15, an increase of 7.60%[5] - The basic and diluted earnings per share for the third quarter were both ¥0.25, reflecting a decline of 24.24% compared to the same period last year, while year-to-date earnings per share were ¥0.67, up 1.52%[5] - Total revenue for the current period reached ¥459,494,827.26, an increase of 10.0% compared to ¥416,436,095.78 in the previous period[18] - Total operating costs amounted to ¥386,101,344.07, up from ¥341,944,214.83, reflecting a growth of 12.8%[18] - Net profit for the current period was ¥87,321,597.15, representing a 7.3% increase from ¥81,155,153.01 in the previous period[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,777,876,195.63, a significant increase of 57.75% compared to the end of the previous year[5] - Current assets totaled ¥1,573,424,576.53, up from ¥919,246,330.35, indicating a rise of 71.2%[16] - Total liabilities increased to ¥546,429,706.04 from ¥511,334,192.86, reflecting a rise of 6.9%[17] - Shareholders' equity rose to ¥1,231,446,489.59 from ¥615,675,018.17, an increase of 100.0%[18] Cash Flow - Cash flow from operating activities for the year-to-date was ¥84,176,764.72, showing a robust increase of 33.35% compared to the same period last year[5] - Cash inflow from operating activities rose to ¥607,413,830.05, up from ¥473,465,433.23, representing a 28.3% increase[20] - Net cash flow from operating activities improved to ¥84,176,764.72 compared to ¥63,122,539.78, a growth of 33.4%[20] - Cash inflow from investment activities totaled ¥123,292,983.37, with a net cash outflow of ¥175,880,781.49, compared to a net outflow of ¥20,955,464.69 in the previous period[21] - Cash inflow from financing activities amounted to ¥561,955,200.00, with a net cash flow of ¥532,167,848.10, compared to a net outflow of ¥3,091,114.77 previously[21] - The net increase in cash and cash equivalents was ¥440,463,831.33, compared to an increase of ¥39,075,960.32 in the prior period[21] - The ending balance of cash and cash equivalents reached ¥859,405,515.80, up from ¥458,017,646.79[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,025[11] - The largest shareholder, Shandong Shanda Capital, holds 30.11% of shares, totaling 49,044,800 shares[11] - The top ten shareholders collectively hold significant stakes, with the largest individual holding being 4.56% by Zhang Bo and Liang Jun[11] - The company has a total of 128,129,756 restricted shares, all of which are pre-IPO restricted shares[13] - No changes in the number of restricted shares for major shareholders during the reporting period[13] - The company has no preferred shareholders or related party transactions reported[13] - The report indicates that there are no significant changes in the top ten shareholders due to margin trading activities[12] - The company has a strategic plan for employee stock ownership through limited partnerships, holding 4.10% and 3.34% of shares respectively[11] - The total number of shares held by the top ten unrestricted shareholders is relatively small compared to the total shares outstanding[11] Other Information - The company experienced a significant increase in cash and cash equivalents, with a 101.72% rise in monetary funds to ¥874,259,997.65, attributed to the proceeds from the initial public offering[9] - The company’s investment cash flow net amount was -¥175,880,781.49, a 739.31% increase in outflows due to increased purchases of financial products[9] - The company’s financing cash flow net amount was ¥532,167,848.10, a dramatic change from -¥3,091,114.77 in the previous year, resulting from funds raised through the initial public offering[9] - The company has not reported any new product developments or market expansion strategies in this quarter[15] - The company has not yet audited its third-quarter financial report[22]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥302,469,059.10, representing a year-on-year increase of 19.97%[4] - Net profit attributable to shareholders for the same period was ¥32,337,145.27, up 33.65% compared to the previous year[4] - The basic earnings per share increased by 27.27% to ¥0.14, while diluted earnings per share also rose by 27.27% to ¥0.14[4] - Total operating revenue for the current period reached ¥896,968,533, an increase of 11.87% compared to ¥801,807,675.30 in the previous period[21] - Net profit for the current period was ¥127,112,171.97, representing a significant increase of 46.51% from ¥86,719,335.42 in the previous period[22] - The company's total assets increased to ¥1,537,469,523.66, compared to ¥1,466,795,130.59, marking a growth of 4.83%[21] - The equity attributable to shareholders of the parent company rose to ¥1,265,101,825.00, up from ¥1,145,395,338.59, an increase of 10.47%[21] - Basic earnings per share improved to ¥0.55, compared to ¥0.37 in the previous period, reflecting a growth of 48.65%[22] - The company reported a comprehensive income total of ¥151,684,936.65, significantly higher than ¥78,820,444.55 from the previous period, indicating a growth of 92.51%[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,537,469,523.66, reflecting a 4.82% increase from the end of the previous year[5] - Total liabilities decreased to ¥272,367,698.66 from ¥321,399,792.00, a reduction of 15.25%[21] - The equity attributable to shareholders increased by 10.45% to ¥1,265,101,825.00 compared to the end of the previous year[5] - Total current assets amount to 919,378,403.20 CNY, an increase from 850,798,249.90 CNY at the beginning of the period, representing an 8.5% growth[19] - Non-current assets include fixed assets valued at 411,927,561.37 CNY, slightly down from 413,626,628.97 CNY[19] Cash Flow - Cash flow from operating activities for the year-to-date was ¥106,792,628.42, showing a decrease of 27.26%[13] - Operating cash flow for the current period is ¥106,792,628.42, a decrease of 27.2% from ¥146,813,486.34 in the previous period[23] - The net increase in cash and cash equivalents for the current period is ¥82,728,472.40, compared to ¥2,414,023.38 in the previous period[24] - The ending balance of cash and cash equivalents is ¥325,996,989.49, up from ¥244,181,245.81 in the previous period[24] - Cash received from the recovery of investments is ¥226,000,000.00, significantly higher than ¥62,894,625.64 in the previous period[23] - Cash paid for investments increased to ¥195,786,205.73 from ¥126,010,000.00 in the previous period[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,304[15] - The largest shareholder, Hangzhou Wantong Intelligent Control Holding Co., Ltd., holds 43.46% of shares, totaling 100,495,279 shares[15] - The total number of restricted shares at the end of the period is 527,551, with 188,550 shares released during the period[16] - The company has no preferred shareholders or changes in preferred shares during the reporting period[16] Investment and R&D - Investment income rose by 45.34% to ¥1,869,167.86, indicating improved returns from financial investments[12] - The company experienced a 102.63% increase in net cash flow from investing activities, totaling ¥1,786,312.47, due to the recovery of investment funds[13] - Research and development expenses were ¥34,190,226.56, slightly up from ¥33,673,134.92, showing a commitment to innovation[21]

浙江中欣氟材股份有限公司 2025 年第三季度报告 浙江中欣氟材股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 证券代码：002915 证券简称：中欣氟材 公告编号：2025-080 □是 否 1 浙江中欣氟材股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 增减 | | 上年同期增减 | | 营业收入（元） | 384,608,196.62 | 0.71% | 1,158 ...

Financial Performance - The company's revenue for Q3 2025 was ¥145,872,047.37, representing a decrease of 8.34% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥4,909,943.83, down 36.56% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥9,583,730.99, an increase of 44.86% compared to the previous year[4] - The total loss for the period was ¥29,095,101.90, reflecting a 44.55% increase in losses compared to the same period last year[8] - Net loss attributable to shareholders was ¥29,119,158.30, compared to a loss of ¥20,171,247.65 in the previous period, indicating a worsening of approximately 44.5%[18] Earnings and Shares - The company's basic and diluted earnings per share were both -¥0.0173, down 37.03% year-on-year[4] - Basic and diluted earnings per share were both -0.1024, compared to -0.0709 in the previous period[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,034,241,765.17, a decrease of 1.53% from the end of the previous year[4] - The total assets decreased to ¥1,034,241,765.17 from ¥1,050,287,904.79, a decline of approximately 1.5%[16] - Current assets totaled CNY 611,809,639.13, slightly down from CNY 613,619,864.77 at the beginning of the period[15] - The total liabilities increased to ¥602,863,416.81 from ¥589,794,747.54, an increase of about 2.3%[16] - Total equity attributable to shareholders decreased to ¥418,590,971.15 from ¥447,766,836.44, a decline of approximately 6.5%[16] Cash Flow - Cash flow from operating activities showed a net outflow of ¥14,017,845.47, a decrease of 16.53% compared to the previous year[4] - Cash inflow from operating activities totaled ¥424,507,964.38, down from ¥513,036,002.82, a decrease of about 17.3% year-over-year[20] - Cash outflow from operating activities was ¥438,525,809.85, compared to ¥525,065,104.61 in the previous period, reflecting a decrease of approximately 16.5%[20] - The net cash flow from operating activities was -$14,017,845.47, compared to -$12,029,101.79 in the previous period, indicating a decline in operational cash flow[21] - The net cash flow from investing activities was -$12,268,357.39, worsening from -$10,038,608.58 year-over-year[21] - The ending cash and cash equivalents balance was $48,607,736.12, down from $55,745,064.22 at the end of the previous period[21] Borrowings and Debt - The company reported a significant increase in long-term borrowings, rising to ¥29,300,000.00, a staggering increase of 3562.50%[8] - Short-term borrowings decreased to CNY 412,786,879.59 from CNY 448,999,843.29, a reduction of approximately 8.1%[15] - Cash outflow for debt repayment was $398,603,965.50, a decrease from $558,404,761.93 year-over-year[21] Government Subsidies - The company received government subsidies amounting to ¥2,897,599.48 during the reporting period, which is a decrease compared to the previous year[5] Legal Matters - The company is actively preparing for a lawsuit appeal related to a case with a subsidiary, which may impact future financial performance[12] - The company reported a court ruling in its favor regarding a lawsuit, with the case costs amounting to CNY 309,306[12] Operational Metrics - Total operating revenue decreased to ¥405,276,880.80 from ¥468,918,113.17, representing a decline of approximately 13.5% year-over-year[17] - Total operating costs decreased to ¥437,980,036.11 from ¥503,932,114.59, a reduction of about 13.1% year-over-year[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,153[10]

Financial Performance - The company's operating revenue for Q3 2025 was ¥72,683,640.55, a slight decrease of 0.01% compared to the same period last year[3] - The total profit for the period was -¥53,326,552.26, with a year-to-date total profit of -¥102,851,088.61[3] - The net profit attributable to shareholders was -¥47,939,805.87 for the quarter, and -¥95,314,443.06 year-to-date[3] - Total operating revenue for the first three quarters of 2025 reached ¥143,899,941.13, an increase of 28.6% compared to ¥111,953,520.97 in the same period of 2024[21] - Operating profit for the first three quarters of 2025 was reported at -¥101,793,297.71, an improvement from -¥112,830,279.14 in the previous year[22] - Net loss for the first three quarters of 2025 was -¥95,570,110.97, slightly better than -¥96,555,377.10 in the same period of 2024[22] - Basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.54, consistent with the previous year[23] Cash Flow - The cash flow from operating activities for the quarter was ¥3,664,203.26, with a year-to-date total of ¥11,006,713.98[3] - Net cash flow from operating activities was $11,006,713.98, a significant improvement compared to a net outflow of $74,111,654.08 in the previous period[26] - Total cash inflow from investment activities was $101,320,704.35, while cash outflow was $136,101,186.42, resulting in a net cash flow of -$34,780,482.07[26] - Cash inflow from financing activities amounted to $367,779,025.24, with cash outflow totaling $408,733,340.26, leading to a net cash flow of -$40,954,315.02[27] - The ending cash and cash equivalents balance was $105,746,987.44, compared to $96,351,453.23 in the previous period[27] - The company reported a net decrease in cash and cash equivalents of $64,728,083.11, compared to a decrease of $176,755,599.73 in the previous period[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,438,037,547.51, down 5.48% from the end of the previous year[4] - Total assets decreased from ¥1,521,441,418.67 to ¥1,438,037,547.51, a decline of approximately 5.5%[18] - Total liabilities remained relatively stable, with a slight increase from ¥610,095,117.03 to ¥612,576,425.16[18] - Shareholders' equity attributable to the company was ¥799,630,801.04, a decrease of 10.37% from the previous year[4] - Shareholders' equity decreased from ¥911,346,301.64 to ¥825,461,122.35, a decline of about 9.4%[18] Research and Development - Research and development expenses totaled ¥3,717,984.60 for the quarter, representing 5.12% of operating revenue, a decrease of 9.51 percentage points year-to-date[4] - The overall R&D investment decreased by 30.94% year-to-date, reflecting a shift in revenue scale and resource allocation[4] - Research and development expenses decreased to ¥15,890,185.57 from ¥23,009,006.47, a reduction of approximately 30.5% year-over-year[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,161[11] - The largest shareholder, Chen Yanxing, holds 70,801,353 shares, representing 38.18% of the total shares[11] - The total number of shares held by the top 10 shareholders is significant, with the second-largest shareholder holding 9,523,012 shares, or 5.14%[11] - The company has a share repurchase account holding 7,286,713 shares, accounting for 3.93% of the total share capital as of September 30, 2025[13] Asset Management - Current assets total 885,981,073.79 as of September 30, 2025, down from 955,456,515.71 at the end of 2024[16] - Cash and cash equivalents decreased from 180,996,248.30 to 125,589,892.06 over the same period[15] - Accounts receivable increased from 333,818,031.23 to 351,098,488.32, indicating a growth of approximately 5.5%[16] - Inventory decreased from 47,772,658.58 to 34,689,820.03, a decline of about 27.4%[16] - Long-term receivables decreased from 165,326,119.21 to 113,949,756.32, a reduction of approximately 30.9%[16] - Non-current assets total 1,000,000,000 as of September 30, 2025, reflecting a strategic focus on asset management[16] Credit and Liquidity Management - The company experienced an increase in credit impairment losses due to longer aging of certain projects, impacting overall profitability[9] - The company has focused on improving cash collection quality and enhancing liquidity through better project management[9] Accounting Standards - The company will not apply new accounting standards starting from 2025[28]